first-time homebuyers virginia

First-Time Homebuyers Will Try to Outsmart You

First-time homebuyers, particularly in Norfolk, have questions about the process and will not hesitate to ask you. Then, they will go one step beyond and research the answer online to check your accuracy. The lesson with Millennials: know your stuff ahead of time and, if possible, link them to articles, guidelines and further information. They will appreciate your thoroughness. Featured photo:  Vadar Systems Read more about First-Time Homebuyers Will Try to Outsmart You[…]

first-time homebuyers virginia

First-Time Homebuyers Love These Three Real Estate Apps

First-time homebuyers in Virginia love technology and know how to access information fast. If you want to impress them, download these apps: Sitegeist: Helps you learn about your surroundings in seconds using publicly available information. Example: average age of people in the neighborhood and popular nearby attractions. Dropbox: Allows you to store documents (contracts, pictures, etc) and share them quickly Read more about First-Time Homebuyers Love These Three Real Estate Apps[…]

First-time homebuyers in Virginia

Millennials Want Transparency in the Homebuying Process

Young adult homebuyers need the truth and nothing but the truth. First-time homebuyers in Virginia Beahc, Norfolk, and Chesapeake, don’t mind if you explain every aspect of the process (like this simple breakdown of how a mortgage works). In fact, they prefer it. And don’t be surprised when they come with a list of questions they researched online. Believe Read more about Millennials Want Transparency in the Homebuying Process[…]

down payment requirements

The Fine Details on Down Payments

I read an interesting study that half of Millennial homebuyers plan to ask their parents to help with the down payment. Whether you are 20-something or a bit older, many first-time homebuyers in Virginia Beach, Norfolk, and Chesapeake, might not know the various down payment requirements. Here’s the breakdown: VA Loan (Veterans Administration) — available to military personnel and veterans. Only Read more about The Fine Details on Down Payments[…]

Mortgage Program for Non-Warrentable Condos

Nowadays, it is nearly impossible to obtain a home loan for a non-warrantable condo. The reason: those loans cannot be sold to Fannie Mae or Freddie Mac. Due to the higher risk, most lenders will not consider these loan scenarios. Tidewater Home Funding has an investor (bank) with a mortgage product for non-warrantable condos with competitive prices.Here Read more about Mortgage Program for Non-Warrentable Condos[…]